Announcing amendments to SEBI (Alternative Investment Funds) Regulations, 2012 regarding Angel Funds, the market regulator said it is increasing the upper limit for number of angel investors in a scheme from 49 to 200 even as it harmonized the definition of a startup with that used by DIPP in the startup policy.

Announcing amendments to SEBI (Alternative Investment Funds) Regulations, 2012 regarding Angel Funds, the market regulator said it is increasing the upper limit for number of angel investors in a scheme from 49 to 200 even as it harmonized the definition of a startup with that used by DIPP in the startup policy.